Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Dromer to leave as Aviva gets simple

Alain Dromer, chief executive of Aviva Investors, is leaving the firm as part of a restructure being undertaken by Aviva to create a ‘flatter organisation.’

The firm said: ‘We will be recruiting a successor to Alain who will report to Pat Regan, CFO (chief finance officer), to lead the next stage of Aviva Investors’ development.’

As part of the refocus, Trevor Matthews, chief executive officer (CEO) of Aviva’s UK region, has been appointed executive director for developed markets. In this role, he will chair the UK and Ireland board, and hold responsibilities for Canada, Italy and Spain.

The three CEOs of Aviva's largest businesses will be joining the company's general executive committee and report directly to Andrew Moss. These are David Barral, CEO of UK & Ireland (UK&I) Life Insurance, David McMillan, CEO of UK&I General Insurance, and Philippe Maso, CEO of France.

Meanwhile, Chris Littlefield, CEO of Aviva USA, will also report to Andrew Moss. This change follows the news that Aviva is planning to raise $1 billion via the sale of its US operations.

'Simplified' Aviva

The restructure is being undertaken to 'simplify and bring more focus to the business’, Aviva said, and a number of changes across the company following a strategic review have led to cuts after the decision was taken to remove the regional layer of the firm’s structure.

Alongside Dromer's exit, the changes will see Richard Hoskins, CEO of North America, leave.

Igal Mayer, who sits on the board of Aviva, has also resigned from the board and will be leaving the firm at the end of May. As a result Mayer will not be seeking re-election as a director at Aviva’s AGM on 3 May.

Meanwhile, Pat Regan will continue as the group’s CFO and will assume responsibility for Aviva Investors.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Potential US rate rise, cheap oil & the Europe opportunity

Potential US rate rise, cheap oil & the Europe opportunity

This week we analyse the implications of a possible rise in US interest rates, the impact of cheap oil and the European equity opportunity.  

Play Carmignac's Crowl: what QE could mean for Europe

Carmignac's Crowl: what QE could mean for Europe

The ECB is widely expected to finally fire its QE gun this week. Carmignac's Sandra Crowl discusses the implications for the eurozone.

Play Grexit worries, currency wars and a grizzly outlook for 2015?

Grexit worries, currency wars and a grizzly outlook for 2015?

The first Investment Pulse of the year looks at the potential impact of Greece leaving the euro, volatility in currency markets and the UK’s economic prospects.

Your Business: Cover Star Club

Profile: DIY investing is biggest threat to industry, says Whitechurch

Profile: DIY investing is biggest threat to industry, says Whitechurch

The industry is at risk of pushing potential investors down the DIY route unless it does more to make its services accessible says the Whitechurch Securities boss

Wealth Manager on Twitter